Hurricane Sandy’s Effects on Real Estate, Part II: Property Tax Issues

Yesterday I discussed the impact of disasters like Hurricane Sandy on the appraisal process. If a disaster can change the value of a property for appraisal purposes, it follows that it can also change the value of a property for tax assessment purposes. If a disaster has affected your property to the extent that it […]

Hurricane Sandy’s Effects on Real Estate, Part I: Appraisals

An Appraisal, Followed by a Hurricane On the morning of Monday October 29, Wells Fargo sent an appraiser to the house I’ve got under contract in Cranbury. The sellers allowed him access, he inspected the property and collected the data he needed, and he retreated to his home office to crunch the numbers. That afternoon, […]

Hurricane Sandy strikes New Jersey

Hurricane Sandy Strikes the Beloved Jersey Shore Two weeks ago today a hurricane made landfall in New Jersey for only the third time in history. Hurricane Sandy caused incredible devastation along nearly the entire Jersey coastline (over 125 miles), as well as in Hoboken, Moonachie, Sayreville, and other riverfront towns. It also caused major destruction […]